ELF · E.l.f. Beauty, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $1.64B | $1.31B | $1.02B | $578.84M | $392.15M | $318.11M |
| Cost of Revenue | $479.13M | $377.83M | $299.84M | $188.45M | $140.42M | $111.91M |
| Gross Profit | $1.16B | $935.69M | $724.10M | $390.40M | $251.73M | $206.20M |
| R&D | - | - | - | - | - | - |
| SG&A | $1.03B | $777.66M | $574.42M | $322.25M | $221.91M | $194.16M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $79.36M | $44.12M | $35.91M | $22.16M | $27.08M | $25.18M |
| Operating Income | $73.63M | $158.03M | $149.68M | $68.14M | $29.77M | $9.40M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $14.14M | $33.41M | $13.33M | $2.54M | $3.66M | ($2.54M) |
| Net Income | $26.32M | $112.09M | $127.66M | $61.53M | $21.77M | $6.23M |
| EPS - Basic | $0.45 | $1.99 | $2.33 | $1.17 | $0.43 | $0.13 |
| EPS - Diluted | $0.44 | $1.92 | $2.21 | $1.11 | $0.41 | $0.12 |
Balance Sheet
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $289.69M | $148.69M | $108.18M | $120.78M | $43.35M | $57.77M |
| Accounts Receivable | $174.64M | $126.01M | $123.80M | $67.93M | $45.57M | $40.19M |
| Inventory | $220.25M | $187.17M | $191.49M | $81.32M | $84.50M | $56.81M |
| Accounts Payable | $97.47M | $72.18M | $81.08M | $31.43M | $19.23M | $15.70M |
| Current Assets | $789.37M | $540.56M | $477.08M | $303.32M | $193.03M | $170.14M |
| Total Assets | $2.39B | $1.25B | $1.13B | $595.60M | $494.63M | $487.39M |
| Current Liabilities | $336.16M | $177.06M | $299.12M | $107.98M | $65.02M | $73.33M |
| Long-term Debt | $841.68M | - | - | - | - | - |
| Total Liabilities | $1.26B | $487.32M | $486.68M | $184.58M | $182.20M | $217.75M |
| Stockholders' Equity | $1.13B | $760.86M | $642.57M | $411.02M | $312.43M | $269.65M |
| Retained Earnings | ($155.93M) | ($182.25M) | ($294.34M) | ($422.00M) | ($483.53M) | ($505.30M) |
Cash Flow
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $212.51M | $133.84M | $71.15M | $101.88M | $19.51M | $29.48M |
| Investing Cash Flow | ($605.25M) | ($19.10M) | ($284.66M) | ($1.72M) | ($4.82M) | ($6.47M) |
| Financing Cash Flow | $533.92M | ($74.45M) | $200.94M | ($22.73M) | ($29.11M) | ($11.40M) |
| CapEx | $22.45M | $18.52M | $8.66M | $1.72M | $4.82M | $6.47M |
| Free Cash Flow | $190.06M | $115.32M | $62.49M | $100.16M | $14.70M | $23.00M |
Ratios
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 70.7% | 71.2% | 70.7% | 67.4% | 64.2% | 64.8% |
| Operating margin | 4.5% | 12.0% | 14.6% | 11.8% | 7.6% | 3.0% |
| EBITDA margin | 9.3% | 15.4% | 18.1% | 15.6% | 14.5% | 10.9% |
| Net margin | 1.6% | 8.5% | 12.5% | 10.6% | 5.6% | 2.0% |
| Free cash flow margin | 11.6% | 8.8% | 6.1% | 17.3% | 3.7% | 7.2% |
| FCF / Net income | 7.22 | 1.03 | 0.49 | 1.63 | 0.68 | 3.69 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 62.7% | 59.2% | 56.1% | 55.7% | 56.6% | 61.0% |
| Effective tax rate | 35.0% | 23.0% | 9.5% | 4.0% | 14.4% | -68.9% |
| Return on assets | 1.1% | 9.0% | 11.3% | 10.3% | 4.4% | 1.3% |
| Return on equity | 2.3% | 14.7% | 19.9% | 15.0% | 7.0% | 2.3% |
| Return on invested capital | 2.4% | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.35 | 3.05 | 1.59 | 2.81 | 2.97 | 2.32 |
| Quick ratio | 1.69 | 2.00 | 0.95 | 2.06 | 1.67 | 1.55 |
| Cash ratio | 0.86 | 0.84 | 0.36 | 1.12 | 0.67 | 0.79 |
| Leverage | ||||||
| Debt / Equity | 0.74 | - | - | - | - | - |
| Debt / Assets | 0.35 | - | - | - | - | - |
| Debt / EBITDA | 5.50 | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.12 | 1.64 | 1.76 | 1.45 | 1.58 | 1.81 |
| Liabilities / Assets | 0.53 | 0.39 | 0.43 | 0.31 | 0.37 | 0.45 |
| Efficiency | ||||||
| Asset turnover | 0.68 | 1.05 | 0.91 | 0.97 | 0.79 | 0.65 |
| Inventory turnover | 2.18 | 2.02 | 1.57 | 2.32 | 1.66 | 1.97 |
| Days sales outstanding | 39d | 35d | 44d | 43d | 42d | 46d |
| Days inventory outstanding | 168d | 181d | 233d | 158d | 220d | 185d |
| Days payable outstanding | 74d | 70d | 99d | 61d | 50d | 51d |
| Cash conversion cycle | 132d | 146d | 179d | 139d | 212d | 180d |
| Valuation | ||||||
| P / E | 137.8x | 32.7x | 88.7x | 74.2x | 134.9x | 223.6x |
| P / B | 3.2x | 4.8x | 17.6x | 11.1x | 9.5x | 5.2x |
| P / S | 2.2x | 2.8x | 11.1x | 7.9x | 7.6x | 4.4x |
| EV / EBITDA | 27.1x | 17.4x | 60.5x | 49.1x | 51.4x | 38.7x |
| Growth | ||||||
| Revenue growth (YoY) | 24.6% | 28.3% | 76.9% | 47.6% | 23.3% | 12.5% |
| Revenue CAGR (3y) | 41.4% | 49.6% | 47.6% | 27.0% | - | 11.5% |
| Revenue CAGR (5y) | 38.8% | 35.9% | - | 20.3% | 7.8% | 6.7% |
| Gross profit growth (YoY) | 23.7% | 29.2% | 85.5% | 55.1% | 22.1% | 13.8% |
| Operating income growth (YoY) | -53.4% | 5.6% | 119.7% | 128.9% | 216.7% | -68.6% |
| Net income growth (YoY) | -76.5% | -12.2% | 107.5% | 182.6% | 249.3% | -65.2% |
| EPS growth (YoY) | -77.1% | -13.1% | 99.1% | 170.7% | 241.7% | -65.7% |
| EPS CAGR (3y) | -26.5% | 67.3% | 164.1% | 46.9% | - | -27.9% |
| EPS CAGR (5y) | 29.7% | 40.6% | - | 28.2% | -9.6% | - |
| FCF growth (YoY) | 64.8% | 84.5% | -37.6% | 581.6% | -36.1% | -34.1% |
| FCF CAGR (5y) | 52.6% | 27.0% | - | - | 24.9% | - |
| Book value growth (YoY) | 48.6% | 18.4% | 56.3% | 31.6% | 15.9% | 11.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-03-31.
Business segments
$1.64B totalReportable Segment$1.64B · 100.0%
Product / service
$6.00M totalShipping And Handling$6.00M · 100.0%
Geographic
$1.64B totalUS$1.29B · 79.0%
Non Us$344.10M · 21.0%
Stability scores
Altman Z′
FY 2026 · bankruptcy risk
1.23
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2026 · 9-point quality
3/9
Weak
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Perfumes, Cosmetics & Other Toilet Preparations
Comparing e.l.f. Beauty against the 5 most active filers in the same SIC group.